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You own a credit card that claims to charge you a reduced rate of 15%. If they compound daily, how much are you actually paying
You own a credit card that claims to charge you a reduced rate of 15%. If they compound daily, how much are you actually paying in interest?
18.00%
None of the above.
16.18%
15.00%
13.98%
You own a credit card that claims to charge you a reduced rate of 15%. If they compound daily, how much are you actually paying in interest?
18.00% | ||
None of the above. | ||
16.18% | ||
15.00% | ||
13.98% |
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